Retirement Plan 2016

Backstory

Today is my birthday. I am a few years away from 40. Recently I am experiencing high levels of stress at work. It has been taking a toll on my physical and emotional health. This might be a great time to get my retirement finances in order. Early retirement became an obsession, and I am counting down the days until we reach financial independence.

Keep Track of Spending

I started tracking our actual spending using Personal Capital. Here is a screenshot of my spending page.

The monthly spending amounts match our average monthly expense of last few years. I am going use this number as a practical monthly budget and find the realistic retirement savings goals.

Retirement Options

I analyzed different plans to illustrate the costs and income requirements of each retirement strategy. Various options were reviewed, and 4 key milestones came out.